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Many real estate stocks surged by over 60%! On the first day of the new policies in Beijing, Shanghai, Guangzhou, and Shenzhen, some people even "bought houses in the air" overnight!
After the opening of the Hong Kong stock market, the real estate sector has the highest increase, with more than several individual stocks still rising by over 60% as of the time of writing.
CHINA TANGSHANG: Annual Report 2024
China Tangshang (00674.HK) reported a loss of 115 million yuan for the year, a change from a profit to a loss.
China Tangshang (00674.HK) announced its financial results for the fiscal year ending in March, with revenue of 877 million yuan, an increase of 34.8% year-on-year. It recorded a loss of 115 million yuan, turning from a net profit of 30.37 million yuan in the previous year; the loss per share was 3.356 cents. No final dividend will be distributed.
China Tangshang (00674.HK) annual revenue is approximately HKD 880 million, a year-on-year increase of approximately 34.8%.
On June 28th, Guolonghui reported that China Tangshang (00674.HK) recorded revenue of approximately HKD 877.5 million for the year ending on March 31, 2024, representing an increase of approximately 34.8% from the previous fiscal year from continuing operations of approximately HKD 650.8 million. At the same time, the year recorded a loss of approximately HKD 113.5 million, an increase of approximately 243.5% from a profit of approximately HKD 79.1 million in the previous fiscal year, mainly due to (1) the write-off of other receivables and expected credit losses and (2) events that occurred during the year.
CHINA TANGSHANG: ANNOUNCEMENT OF THE FINAL RESULTSFOR THE YEAR ENDED 31 MARCH 2024
China Tangshang (00674.HK) plans to hold a board of directors meeting on June 28th to approve the annual performance.
China Tangshang (00674.HK) announced on June 13 that the board of directors meeting will be held on June 28, 2024 (Friday), to consider and approve the annual performance and publication of the company and its subsidiaries as of March 31, 2024, and to determine the final dividend (if any).
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